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Insurance
European run-off specialist DARAG has formed a strategic partnership with London-based asset manager New Nordic Advisors that will see the two companies join forces in a number of project areas including the provision of legacy, active business and restructuring solutions. 26 March 2018
Insurance
The UK’s Solicitors Regulation Authority (SRA) is proposing to remove the current “one-size-fits-all” rules on professional indemnity insurance (PII), enabling firms “to take out cover that better reflects the work they do.” 26 March 2018
Alternative Risk Transfer
Artex, an alternative risk management subsidiary of Arthur J Gallagher, has hired Peter Mullen to re-join the company after seven years as CEO-elect. 26 March 2018
Insurance
Russell Kilpatrick, the former director and founding executive chairman of Dual Corporate Risks, has invested in insurtech startup Equipsme. 26 March 2018
Insurance
HDI Global, the industrial insurer of the Talanx group, wants to expand outside its home base Germany despite a significant drop in profits in 2017 due to natural catastrophes. 26 March 2018
Insurance
The US congress has passed a short-term extension to the National Flood Insurance Program (NFIP) until July 31. 26 March 2018
Insurance
Broker Willis Towers Watson has appointed Simon Weaver as the leader of corporate risk & broking (CRB) for Asia and Australasia to accelerate growth in the region. 26 March 2018
Insurance
The founders of the Blockchain Insurance Industry Initiative (B3i) have launched B3i Services in Zurich, Switzerland. 26 March 2018
Insurance
IAT Insurance Group is acquiring the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group, a subsidiary of State Auto Mutual Insurance Company. 26 March 2018
Alternative Risk Transfer
Bermuda-based mortgage insurance provider Essent Group has closed a $424.4 million reinsurance transaction and related mortgage insurance-linked notes offering. 26 March 2018
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